If we were to take Obama’s “jobs tour” at face value, we could assume that he’s finally serious about getting America back to work. Before he had even drafted a jobs bill, he repeatedly told a joint session of Congress to “pass this jobs bill now.” Later, not only did he commission a specially built bus for his jobs bill promotion tour, but he sent his vice president and Treasury secretary on their own jobs tours.
However, Obama’s record suggests that either jobs aren’t the priority he claims, or more likely, he doesn’t have a clue as to what it takes to create jobs.
Since his 2008 campaign, the president clearly indicated his intention to increase taxes on the country’s job creators, most recently in the form of a proposed “millionaire’s tax” attached to his jobs bill. Study after study has shown that this would have no appreciable effect on the deficit, and in the long run, would result in yet more jobs and capital being shipped overseas.
Obama attempted to temper his “soak the rich” policy early this year by calling for areduction in corporate tax rates. In the same breath, however, he asked that various corporate tax deductions be eliminated, a case of “Obama giveth, Obama taketh away.”
The fact is, corporate taxes are both directly inflationary and inordinately high in the United States. Corporations don’t pay taxes. Taxes are passed on to the consumer in the form of higher prices for goods and services. That, combined with the fact that corporations are already taxed twice (on profits and on dividends), a better course would be to eliminate corporate taxes altogether. We would become more competitive in the world marketplace, and jobs once shipped overseas would likely return.
Even worse is the hidden tax businesses pay in the form of ever-mounting rules and regulations. According to a recent Heritage Foundation report, “In the first six months of the 2011 fiscal year, 15 major regulations were issued, with annual costs exceeding $5.8 billion and one-time implementation costs approaching $6.5 billion.” These costs benefit no one. They don’t pay our military or maintain infrastructure. They’re the costs of complying with rules written by those who, by and large, have little knowledge of the industry they’re regulating, and the expense of completing paperwork that no one is likely to read.
The U.S. Environmental Protection Agency recently admitted to Congress that it never considers the impact that its regulations have on jobs when drafting them. Perhaps it’s time it did.
The administration paid homage to its base by promoting some jobs over others. It throws tax dollars at defunct green companies offering jobs that often end up overseas. Picking corporate winners and losers is not what capitalism is all about. That’s crony socialism. Furthermore, the increased muscle being flexed by the National Labor Relations Board is proof positive that the campaign funds provided by the unions to get Obama elected were well-spent. This year alone, the NLRB filed suit against Boeing Corp. for building a new plant in a right-to-work state, and instituted new rules making it easier to unionize plants.
Desperation to pass a jobs bill has reduced the administration to outright lies and demagoguery. Most recently, Obama said that the Republicans want “dirtier air and dirtier water,” while his vice president claimed that if the jobs bill weren’t passed, rape and murder rates would rise. Even the liberal Washington Post reported these claims as “absurd.”
Obama’s woeful lack of experience has turned his war on unemployment into a scorched-earth war on jobs. To revise a Winston Churchill quote: “Never has the success of so many been so thwarted by the ineptitude of so few.”
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